Tanger Factory Outlet Centers (SKT) Given Media Impact Rating of 0.22

Press coverage about Tanger Factory Outlet Centers (NYSE:SKT) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tanger Factory Outlet Centers earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.9629384060926 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Tanger Factory Outlet Centers (NYSE SKT) traded down $0.04 on Friday, reaching $25.41. 1,516,318 shares of the company’s stock traded hands, compared to its average volume of 1,480,000. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 2.91. Tanger Factory Outlet Centers has a fifty-two week low of $21.81 and a fifty-two week high of $37.34. The company has a market capitalization of $2,400.00, a P/E ratio of 40.98, a PEG ratio of 3.36 and a beta of 0.52.

A number of research analysts recently weighed in on SKT shares. Boenning Scattergood restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Thursday, November 9th. Zacks Investment Research downgraded shares of Tanger Factory Outlet Centers from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Tanger Factory Outlet Centers in a research report on Friday, August 25th. Bank of America upgraded shares of Tanger Factory Outlet Centers from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 9th. Finally, Jefferies Group reiterated a “hold” rating and issued a $26.00 price target on shares of Tanger Factory Outlet Centers in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.60.

In other Tanger Factory Outlet Centers news, CMO Carrie A. Geldner sold 2,250 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $24.50, for a total value of $55,125.00. Following the transaction, the chief marketing officer now directly owns 51,261 shares in the company, valued at $1,255,894.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by company insiders.

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Tanger Factory Outlet Centers Company Profile

Tanger Factory Outlet Centers, Inc is an owner and operator of outlet centers in the United States and Canada. The Company is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers.

Insider Buying and Selling by Quarter for Tanger Factory Outlet Centers (NYSE:SKT)

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